https://www.taxtmi.com/caselaws?id=238736 The Tribunal granted the Applicant relief in the case involving waiver of predeposit of CENVAT Credit and penalty under the Central Excise Act, 1944. The Tribunal found that the Applicant maintained a proper Mould Register where the receipt and consumption of CI Moulds were recorded. Despite the Revenue's argument, the Tribunal was convinced that the Applicant used the CI Moulds in manufacturing as intended and did not engage in clandestine clearance. As a result, the Tribunal granted total waiver of predeposit of the dues adjudged and stayed the recovery of dues during the Appeal's pendency. en-us Thu, 25 Jul 2013 00:00:00 +0530 Mon, 06 Jan 2014 15:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238736 The Tribunal granted the Applicant relief in the case involving waiver of predeposit of CENVAT Credit and penalty under the Central Excise Act, 1944. The Tribunal found that the Applicant maintained a proper Mould Register where the receipt and consumption of CI Moulds were recorded. Despite the Revenue's argument, the Tribunal was convinced that the Applicant used the CI Moulds in manufacturing as intended and did not engage in clandestine clearance. As a result, the Tribunal granted total waiver of predeposit of the dues adjudged and stayed the recovery of dues during the Appeal's pendency. Case-Laws Central Excise Thu, 25 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238736